2016 sees 40% jump in UK tech sector investment

Despite Brexit, UK tech sector sees 4,009 deals worth £6.7bn completed in 2016, with a record 2,546 in the first half of the year

by Henry Williams

Updated: Jan 27, 2017 Published: Jan 27, 2017

Despite the political uncertainty surrounding Brexit in 2016, investor appetite for the UK technology sector wasn’t dampened with a 40% increase on 2015, according to research from Sonovate.

£6.7bn was invested in UK tech businesses last year across 4,009 private equity and venture capital deals, with a record 2,546 completed in the first six months of 2015, prior to the European referendum.

Of the 50 biggest tech deals of the year, London saw the lion’s share of investment (68%), with financial technology (fintech) enjoying the biggest share of funding by sector (24%).

Health technology was second (20%), followed by the cloud (8%), e-commerce and telecommunications (both 6%) and hardware, marketplace, mobile, on-demand and energy (all 4%).